Monetary Transfer in a Social Network

1. A computer-implemented method for sharing an expenditure between members of a social network performed on one or more computing devices, the method comprising: identifying, using the one or more computing devices, a first user and a second user, wherein the first user and the second user are members of the social network, wherein the social network is an association of users that have a relationship that is maintained in a social graph; generating, using the one or more computing devices, a group in the social network that includes the first user and the second user based at least in part on a common feature; identifying, the one or more computing devices, an incurred expense described in a status update associated with the group in the social network; sending, the one or more computing devices, a notification to the second user that includes an amount owed that is at least a portion of the incurred expense; and receiving, using the one or more computing devices, authorization for triggering a payment from the second user, wherein the payment includes transferring currency to a first account associated with the first user from a second account associated with the second user.

2. The computer-implemented method of claim 1 , wherein the common feature is at least one of a friendship, a connection with a family member, a connection with coworker or an interest.

3. The computer-implemented method of claim 1 , wherein a type of the first account and the second account is one from the group of a credit card account, a banking account, a virtual currency account or a payment processing provider account.

4. The computer-implemented method of claim 1 , wherein the authorization includes a notification that the first and second users are in a same area using near field communication (NFC) technology or Bluetooth technology.

5. The computer-implemented method of claim 1 , further comprising receiving authorization for sending the notification to the second user.

6. The computer-implemented method of claim 1 , wherein the expense is associated with an interaction on the social network between the first user and the second user.

7. The computer-implemented method of claim 1 , wherein the expense is a recurring expense and wherein generating the group includes creating a recurring invoice for paying for the recurring expense.

8. The computer-implemented method of claim 1 , further comprising: generating a relationship between the first user and the second user, wherein the relationship includes at least one of a friend association and a group association.

9. The computer-implemented method of claim 1 , further comprising: generating an invoice for paying for the expense.

10. The computer-implemented method of claim 1 , wherein the status update is associated with members of the group identifying themselves as being present at a location.

11. The computer-implemented method of claim 10 , wherein the incurred expense is only visible to the members of the group that identified themselves as being present at the location.

12. The computer-implemented method of claim 1 , wherein the group is formed responsive to receiving an indication that the first and the second users are associated with a location.

13. The computer-implemented method of claim 1 , further comprising providing evidence of incurred expenses to the group.